Calculators

Rent vs. Buy Evaluation Report

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Rent vs. Buy Summary

Based on your financial input of $2,350.00 monthly budget and $400,000.00 cash flow available, we have generated a comparison report of 2 scenarios (M1 and M2) for different term periods. You will see, from below, whether you should be buying or renting. The calculator automatically puts your cash flow available into mortgage down payment and/or investment at 6% annual growth on investment and 3% home inflation with 175% home value cap.

Your Financial Input

Monthly Budget

$

Available Cash

$

Estimated Investment Gain

%

Estimated Mortgage Interest

%

Estimated Property Tax

%

Estimated Mortgage PMI

%

Estimated Insurance /mo

$

Estimated Home Inflation

%

Estimated Home Value Cap

%

Term

M1 Net Value

M2 Net Value

Rent Net Value

10M

$425,433.00

$684,205.00

$434,339.00

15M

$457,158.00

$912,594.00

$535,623.00

20M

$472,277.00

$1,215,131.00

$718,854.00

25M

$342,273.00

$1,559,022.00

$1,011,748.00

30M

$198,995.00

$2,036,391.00

$1,451,396.00

35M

$45,283.00

$2,699,718.00

$2,087,435.00

40M

$-115,498.00

$3,618,789.00

$2,986,287.00

45M

$-283,713.00

$4,882,132.00

$4,236,844.00

50M

$-454,803.00

$6,613,259.00

$5,958,062.00

Scenario M1

Buy: Monthly mortgage payment budget of $2,350.00 with $400,000.00 as down payment.